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Home Economy

Elumelu embarks on Pan-African tour championing entrepreneurship, infrastructure, and inclusive growth

Staff Writer by Staff Writer
November 10, 2025
in Economy
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Nigerian billionaire Tony Elumelu keen on diversifying investments in Cameroon

Tony Elumelu, TEF Founder and Heirs Holdings Chairman

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Founder of the Tony Elumelu Foundation and chairman of UBA Group Tony O. Elumelu CFR,  a leading advocate for Africapitalism and transformative private sector leadership, will undertake a high impact working tour across East, Central, and Southern Africa this week. 

The multi-country visit underscores his unwavering commitment to fostering economic resilience, empowering entrepreneurs, and unlocking investment opportunities to propel Africa’s sustainable development. 

The tour will span key nations including Kenya, Republic of Congo (Brazzaville), Uganda, Zambia, Mozambique, Rwanda, and the Democratic Republic of Congo (DRC). Elumelu’s itinerary will feature high-level engagements with Presidents of these countries, policymakers, business leaders, and youth innovators to discuss collaborative strategies for infrastructure financing, digital inclusion, and youth-led entrepreneurship. These discussions aim to harness Africa’s demographic dividend, where over 60% of the population is under 35 and position the continent as a global engine of innovation and prosperity. 

“Africa’s story is one of immense potential, and it is time we take ownership of it,” said Tony Elumelu. “Through this tour, UBA is not just visiting these vibrant nations; we are igniting partnerships that will drive real impact, we must build resilient foundations together. This means empowering our entrepreneurs, bridging infrastructure gaps, and creating shared prosperity for generations to come.”

The tour builds on UBA’s legacy as Africa’s Global Bank. Recent milestones include the launch of UBA’s White Paper, Banking on Africa’s Future: Unlocking Capital and Partnerships for Sustainable Growth, which calls for increased foreign direct investment in green assets and human capital development. 

This strategic outreach comes at a pivotal moment, as Africa’s GDP is projected to reach $2.6 trillion by 2030, driven by sectors like telecommunications, education technology, and consumer goods. By strengthening ties with global partners, UBA aims to facilitate $50 billion in trade and investment flows over the next five years. The bank connects businesses and investors to transformative opportunities on the continent, driving innovation in digital banking, sustainable finance, and inclusive growth. With a commitment to Africapitalism, it empowers Africa’s future through strategic partnerships and entrepreneurial support.

Tags: AfricapitalismTony ElumeluUBA Group

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